Hello World!

Hi everyone. Believe I've been here back around christmas trying to learn some things not sure thou. I joined the site for some help on the mod scene. Have a ps3 slim ver. 4.2. I know there's Nothing I can do with it as of right now (at least I'm pretty sure), but what i'd like to know is how long until I can mod this version. Also while I'm waiting for the latest cfw I'm definitely not going to update. How long could I be waiting. Just curious would love to have a modified ps3. Thanks and if I'm missing something fill me in please.